R Systems International acquires US-based, Sento Europe
R Systems International Ltd has announced that it has completed the acquisition of Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento Europe) from Sento Corporation, USA.
Sento Europe with operations in Enschede, Netherlands and Metz, France provides a wide range of integrated technical support and customer care services through multiple channels in 18 European languages and 24 countries. The company has achieved revenues of approximately US$ 14.85 million during the year ended March 2007.
While, R Systems International Limited, together with its subsidiaries, provides information technology (IT) and business process outsourcing (BPO) services primarily in the United States. The company develops and markets a suite of applications under the ‘Indus’ brand name for the retail lending sector and undertakes software projects in the banking and financial services segment.
"We are delighted to complete the acquisition of Sento Europe announced earlier. We welcome the customers and employees of Sento Europe," said Rekhi Singh, CEO of R Systems. "The acquisition further enhances our global delivery capabilities, expands our customer base in high technology sector and gives us strategic footing in Europe."
Recently, R Systems has announced earnings results for the third quarter ended September 2007. For the quarter, the company reported 15.92% growth in net profit at Rs. 67.4 million as compared to Rs. 58.1 million during Jul-Sep 2006. Consolidated revenues stood at Rs. 641.0 million, higher by 18.16%.